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Markit US manufacturing June prelim 51.4 vs 50.9 expected

The June PMI from Markit

  • Prior was 50.7 (a series low)
  • Estimates ranged from 49.9 from 52.0
  • Output 50.9 vs 49.4 prior
  • Employment 51.0 vs 51.3 prior
  • The full report

A slice of good news for the manufacturing sector but the text has a few concerns.

"Despite stronger new business growth, a number of manufacturers noted that heightened economic uncertainty had led to delayed decision making and greater risk aversion among clients in June. Moreover, concerns about the business outlook contributed to tighter inventory management across the manufacturing sector."

Chief economists Brian Williamson said "any improvement could be largely traced to better export sales, in turn linked to the weakening of the dollar compared to earlier in the year."

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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